You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% per year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire? $942,089 $2,234,431 $4,788,067 $1,260,147 $2,615,364 If you find an account that pays 9% annual interest instead of 8%, how much would you have at retirement? $8,543,022 $3,382,910 $5,831,239 $1,915,227 $1,890,221 Suppose the new retirement account actually pays 9% interest per year and pays interest semiannually. How much money would you have at retirement? $3,677,597 $3,616,360 $2,043,797 $17,034,358 $2,119,250